Bonded Copper Stocks in Shanghai Seen Dipping to 8-Month Low Copper inventories in bonded warehouses in Shanghai declined from a record to the lowest level in almost eight months amid seasonal demand in China and incentives to store the metal in Malaysia. Reserves were at 650,000 metric tons, the lowest since September, according to the median of seven estimates from traders, analysts and warehouse managers surveyed by Bloomberg. Stockpiles rose to a record 825,000 tons in January, they said. Goldman Sachs Group Inc. said on April 22 the metal in Chinese bonded warehouses fell to 510,000 tons from 715,000 tons in early March. Purchases of the metal from inventories increased even as domestic production gained 11 percent in the first quarter, indicating improved demand in the world’s biggest consumer. (Bloomberg)